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78 Crosby Street

Updated Aug 11, 2026

LEASEDOffice

Polymarket Leases Office Space Expanding To 12,700 Square Feet At 78 Crosby Street

78 Crosby Street

$85

$85/SF

Building Size

12,700 SF

Asset Type

Office

Closing

Aug 7, 2026

About this deal

AI

The property at 78 Crosby Street is an office asset located in Manhattan. The lease involved an asking rent of $85 per square foot, with the tenant, Polymarket, expanding its space to a total of 12,700 square feet. This includes the addition of the fifth floor to its existing fourth-floor space.

Summary of transaction details:

This lease transaction highlights key representatives facilitating the agreement, including Nicholas Judson, Wendy Mcdonald, and Crosby Matthews of Judson CRE representing the landlord, and Emilie Goldman from JLL acting on behalf of the tenant, Shayne Coplan of Polymarket.

On the Map

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$85

$85/SF

Office

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Players

Nicholas Judson

Judson CRE

Broker

$43.9M

vol

13 deals

Broker
M
MilkystarBuyer

Shayne Coplan

Polymarket

Tenant

3 deals

Tenant
Bilt advertisement

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $85 per square foot on a published $85 for 12,700 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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